World Bank

The World Bank rejected a request from El Salvador for assistance in its bid to adopt bitcoin as a currency, a spokesperson for the Washington-based development lender said Thursday. El Salvador uses the US dollar as...

The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said Friday. The Washington-based bank has “temporarily paused disbursements...

The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said on Friday. The Washington-based bank has “temporarily paused...

As of May 13, 2021, the World Bank Board approved operations to support vaccine rollout in 22 countries amounting to $2.4 billion. See the latest project financing, project documents and procurement information in the list below....

The World Bank (WB) today approved US$600 million for two projects in Bangladesh to help over 1.75 million poor and vulnerable populations, including youth, women, disadvantaged groups, and returnee migrant workers, improve employability and livelihood opportunities,...

The World Bank today signed a $250 million financing agreement to help Bangladesh create more and better jobs, recover faster from the COVID 19 pandemic and build resilience to future crises. The Third Programmatic Jobs Development...

An estimated 1 in 6 children – or 356 million globally – lived in extreme poverty before the pandemic, and this is set to worsen significantly, according to a new World Bank Group-UNICEF analysis released yesterday....

The World Bank’s Board of Executive Directors has established a pocket of $12 billion for emerging nations to finance the purchase and distribution of COVID-19 vaccines, tests, and therapies for their citizens. The grant, which aims...

The COVID-19 pandemic scares hard-won earnings in health and education over the past decade, especially in the poorest nations, a new World Bank Group report finds. Investments in human capital—the knowledge, skills, and health that people...

The coronavirus (COVID-19) pandemic may have pushed as many as 100 million people back into extreme poverty, President of World Bank, Mr. David Malpass warned on Thursday. The Washington-based World Bank predicted that 60 million people...